tag:blogger.com,1999:blog-316583760554792907.post2858706433179023509..comments2023-06-18T06:03:54.348-07:00Comments on Racing Towards Retirement: Are Credit Cards Good or Bad?RAnnhttp://www.blogger.com/profile/04102249990885174107noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-316583760554792907.post-64183301927957685162017-06-19T09:01:46.034-07:002017-06-19T09:01:46.034-07:00Counseling families with money problems- the credi...Counseling families with money problems- the credit card, almost always, seems to be the pit. There is something about being told that "you only HAVE to pay $25 on the $2000 bill" that seems so enticing to people. Putting credit cards on ice seems to work for most of those families. They freeze them in the ice bucket until they are paid off. Then we work back into buying and then paying off immediately (which is what we have done since the 1980's). OOOOhhhh the temptation is so great! <br />We only used a debit card for a month--and overdrew our account. We haven't used one since (1992). <br />We do use cash. Neither of us ever leave the house without a $20 in our pockets (and a credit card for back up). Our last trip we paid entirely with cash. Cash does wash :) . Ten days- on budget. It is as likely to get stolen as any other valuable item, so we are careful. Knock on wood- it works for us!Janettehttps://www.blogger.com/profile/10054888725603183006noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-80163935852990076022017-06-17T13:23:11.106-07:002017-06-17T13:23:11.106-07:00You are doing a great job digging yourself out. I...You are doing a great job digging yourself out. I suspect your whole attitude toward money has changed in the last few years. You'll get it done. RAnnhttps://www.blogger.com/profile/04102249990885174107noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-29766445134558641642017-06-17T13:21:25.558-07:002017-06-17T13:21:25.558-07:00I've never been a fan of debt--my credit cards...I've never been a fan of debt--my credit cards are a convenient form of payment, I don't consider them debt. However, last summer we planned to buy one car and ended up buying two, and we were offered a terrific deal on the second--a less than one year old car for about $10,000 less than new--even if it was more money than we wanted to spend. Luckily our good credit allowed us to finance at less than 2%, and I've earned more than that on my investmentsRAnnhttps://www.blogger.com/profile/04102249990885174107noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-73366017012702442312017-06-17T13:18:21.341-07:002017-06-17T13:18:21.341-07:00Talk to your troop leader and volunteer to be the ...Talk to your troop leader and volunteer to be the camping mom. In order to take a troop camping, or even for a day outing with a fire,you have to go to a training class. Especially if your daughter's troop is new, the leader has probably had enough training for awhile. Also, she may have other committments on the weekends. Most troop leaders would love to have a mom step up and volunteer to coordinate outings, including camping and firebuilding. RAnnhttps://www.blogger.com/profile/04102249990885174107noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-71286569473115784912017-06-17T07:10:30.696-07:002017-06-17T07:10:30.696-07:00Remember that Dave is talking to people who are se...Remember that Dave is talking to people who are seriously in debt, so many of his listeners probably fall into that "can't use credit responsibly" category. But yeah, to say that no one can use them responsibly is absurd. I know people who bought cars using their rewards points from credit cards (years ago before they changed some of those rules). <br /><br />Me? I'm not sure I'll ever trust myself with a credit card again after the giant debt hole we've dug. But I wouldn't say no one should ever use one. Just like matches (which is a perfect analogy!).Anonymoushttps://www.blogger.com/profile/01975142210467186932noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-52805769669284073872017-06-17T06:32:24.184-07:002017-06-17T06:32:24.184-07:00Gah Ramsey grinds my gears with stuff like that. I...Gah Ramsey grinds my gears with stuff like that. I used to avoid credit cards like the plague, but not because I thought there was no way to use them responsibly--I just didn't want to open the door that opened up that possibility. Now I take advantage of some of the above benefits, though. And even during those times, I still had credit open via auto loans, which some PF bloggers also hate. Femme Frugalityhttps://www.blogger.com/profile/07258982361804942329noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-91683973360477531152017-06-17T05:41:30.564-07:002017-06-17T05:41:30.564-07:00I agree. I tend to use my card for everything, jus...I agree. I tend to use my card for everything, just to keep my bank information from getting out there too often. Even if my credit union has been pretty good at spotting some questionable activity, it hasn't been perfect.<br /><br />And can I just say I wish my kiddo was in your Daisy troop? Lighting matches and building fires are what I signed my girl up for, and all her troop does is crafts and stories.Anonymoushttps://www.blogger.com/profile/10862388269789070509noreply@blogger.comtag:blogger.com,1999:blog-316583760554792907.post-16814574649360248702017-06-16T21:47:48.866-07:002017-06-16T21:47:48.866-07:00Absolutely agree. Another advantage of a properly ...Absolutely agree. Another advantage of a properly used credit card is that it helps your credit history and credit score, which is useful for everything from obtaining a mortgage to getting better rates on insurance. Used improperly, they can be a disaster, but that's all up to the user.Gary @ Super Saving Tipshttps://www.blogger.com/profile/06836802330933622256noreply@blogger.com